Citigroup Inc. Upgrades Brookfield Properties to Neutral (BPO)
Brookfield Properties (NYSE:BPO) was upgraded by equities researchers at Citigroup Inc. from a “sell” rating to a “neutral” rating in a research report issued on Tuesday, TheFlyOnTheWall.com reports.
BPO has been the subject of a number of other recent research reports. Analysts at RBC Capital initiated coverage on shares of Brookfield Properties (NYSE:BPO) in a research note to investors on Tuesday, September 24th. They set an “outperform” rating and a $27.00 price target on the stock. Separately, analysts at Canaccord Genuity cut their price target on shares of Brookfield Properties (NYSE:BPO) from $20.60 to $18.50 in a research note to investors on Wednesday, September 11th. They now have a “buy” rating on the stock. Finally, analysts at ISI Group upgraded shares of Brookfield Properties (NYSE:BPO) to a “neutral” rating in a research note to investors on Tuesday, September 3rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. Brookfield Properties currently has a consensus rating of “Hold” and a consensus price target of $21.17.
Brookfield Properties (NYSE:BPO) traded up 0.89% on Tuesday, hitting $19.24. 1,206,781 shares of the company’s stock traded hands. Brookfield Properties has a 52-week low of $15.25 and a 52-week high of $19.58. The stock has a 50-day moving average of $16. and a 200-day moving average of $17.15. The company has a market cap of $9.718 billion and a price-to-earnings ratio of 7.59.
Brookfield Properties (NYSE:BPO) last announced its earnings results on Friday, July 26th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by $0.03. The company had revenue of $569.00 million for the quarter, compared to the consensus estimate of $605.65 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. Analysts expect that Brookfield Properties will post $1.16 EPS for the current fiscal year.
Brookfield Properties Corporation (NYSE:BPO) is a North American commercial real estate company.
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